What does that change? As I said, the combined net worth (everything that they own: cash, property, stock, etc) of the top 1000 richest Americans pays for the

What does that change? As I said, the combined net worth (everything that they own: cash, property, stock, etc) of the top 1000 richest Americans pays for the federal budget for one year. The only way to raise enough money to pay for things is to make the middle class pay the bulk of it. Whether it's via income tax, net-worth tax, etc, there simply isn't enough in "the 1%" to pay for things. And that's not to mention that you're essentially taxing the same assets multiple times. The stock that, say, Zuckerberg owns was already taxed when he received it. You're asking to re-tax the same thing over and over and over again. This sort of taxing already exists (property tax & excise tax come to mind), but I'm not really sure what sort of gain you think would come of it. No matter how you run the numbers, the money comes from the middle class.